Standard & Poor’s last week revised its outlook to stable from negative and affirmed its A-minus rating on Memorial Hospital and Health Center, a 131-bed hospital located in the town of Jasper.
Memorial serves as the rural referral center for an eight-county region. Jasper is located 80 miles west of Louisville.
“The revised outlook reflects our view of Memorial Hospital’s stronger operating results in the unaudited 2010 fiscal year through the execution of its costs containment and revenue enhancements initiatives,” analyst Antionette Maxwell said in a release on the outlook boost. “Memorial Hospital’s balance-sheet strength has also improved, highlighted by a better liquidity position.”
